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Argentina sets final talk for up to $15 billion of notes in three-, five-, 10-, 30-year tranches
By Christine Van Dusen
Atlanta, April 18 – Argentina set final talk for its offering of up to $15 billion of notes in four tranches due in three, five, 10 and 30 years (expected ratings: B3/B-/), a market source said.
The three-year notes were talked at 6¼% to 6½% after initial talk in the 6¾% area.
The five-year notes were talked at 6 7/8% to 7 1/8%.
The 10-year notes were talked at 7½% to 7 5/8% after initial talk in the 8% area.
The 30-year notes were talked at 8%.
Deutsche Bank, HSBC, JPMorgan and Santander are the global coordinators for the Rule 144A and Regulation S deal. BBVA, Citigroup and UBS are the joint bookrunners.
The proceeds will be used to settle claims of holders of untendered debt and for general governmental purposes.
Pricing is expected to take place on Tuesday.
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